Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49506 Housing Market

In Grand Rapids 49506, the typical home value is $427,849, up 5.3% over the past year. The median list price sits at $382,500, with homes spending 42 days on the market as of September 2026.

Updated September 2026Median value$428K

The median home value in Grand Rapids, MI 49506 is $428K as of September 2026, up 5.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Grand Rapids home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 49506 range

$394K to $462K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 49506 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Grand Rapids, MI.

12-month value trend

+5.3% over 12 months

Sep 2025$406K

Low $406KHigh $428K

Sep 2026$428K

The numbers

What is the 49506 housing market like?

As of September 2026

Typical home value

$428K

5.3%YoY

Median list price

$383K

4.1%MoM

Days on market

10.5%MoM

Homes for sale

17.9%MoM

Price cuts

25.0%

10.3%MoM

New listings

10.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

49506 housing market forecast 2027

+2.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49506 to rise 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in 49506 rose 5.3%, per the Zillow Home Value Index.

Will home prices drop in 49506?

Zillow's forecast does not call for a drop: it expects typical home values in 49506 to rise 2.7% by September 2027, after a 5.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 49506 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 49506 home prices compare?

49506$427,849
Grand Rapids$342,153
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Grand Rapids: 12 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

There are 79 homes for sale in 49506, with 44 new listings added in September 2026. The median days on market of 42 suggests a moderate pace of activity. A notable 25.0% of listings have seen a price cut, which is a signal that some sellers are adjusting expectations. Despite the year-over-year value growth, the data points to a market where pricing discipline matters for sellers.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $85,570

Term

Rate (%)

Common questions

What people ask us.

How much is a typical home worth in 49506?

The typical home value is $427,849, which reflects a 5.3% increase over the past year.

How long do homes take to sell in 49506?

As of September 2026, homes spend a median of 42 days on the market.

How many homes are currently for sale in 49506?

There are 79 homes for sale as of September 2026, with 44 new listings added that month.

Discover

Nearby ZIP markets.

Keep reading